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Mon, 06 Jul 2015
Sarong makers struggling with low Ramadhan demand
Having struggled with weak sales over the past several months, sarong makers in Majalaya district, Bandung regency, West Java, are selling their products below normal price during the Islamic fasting month of Ramadhan to keep up with production costs and avoid total shutdown.
Sat, 04 Jul 2015
The Trouble With Indonesia's Rudderless Economic Policy
News this week that Bank Indonesia will prohibit foreign currencies from being used in domestic transactions in Indonesia further added to analysts’ and investors’ concerns about the country’s fragile economy, and about the economic strategy of President Joko Widodo.
Sat, 04 Jul 2015
Mega data center to open near Jakarta by April 2016
JAKARTA -- Indonesian conglomerate Lippo Group has recently begun construction of a 2,000-sq.-meter data center in the suburbs of Jakarta, targeting companies in the financial and industrial sectors. The business will be run by Graha Teknologi Nusantara, a joint venture between Lippo subsidiary...
Sat, 04 Jul 2015
Investments for Indonesia caught in bureaucratic web
JAKARTA: Since taking office in October, Indonesia’s Joko Widodo has been unrelenting in his pursuit of investment dollars. In just the first quarter, almost US$6.5 billion flowed into Indonesia - 14 per cent higher than in 2014, according to the Indonesia Investment Coordinating Board.
Sat, 04 Jul 2015
Uber and Go-Jek Get Totally Different Reception in Jakarta
Jakarta, GIVnews.com – In recent weeks, five Uber drivers were arrested by the Jakarta police, who was working together with the Organization of Land Transportation Operators (Organda). Organda Jakarta, which organizes all forms of land transportation in the capital city, has accused Uber of...
Fri, 03 Jul 2015
E-commerce group concerned over draft regulation
A group of e-commerce business players have raised concerns over a draft regulation prepared by the Trade Ministry, saying that the legislation had the potential to prevent small e-commerce business from growing.
Fri, 03 Jul 2015
Consumer Confidence Indonesia Falling: Less Ramadan & Idul Fitri Shopping
The latest survey of Bank Indonesia shows that consumer confidence in Indonesia has fallen in June 2015 on fears of shrinking job availability as well as declining income and business activity. Last month, the central bank’s Consumer Confidence Index fell 1.5 points to 111.3.
Fri, 03 Jul 2015
New Indonesian Regulation restricting foreign currency use in Indonesia – impact on shipping companies
Bank Indonesia (BI), Indonesia’s central bank, has introduced new measures to stabilise the value of the Indonesian Rupiah (IDR) and implement Indonesia’s Currency Law. The regulations will impact on all companies operating in Indonesia, including shipping and ports services companies.
Fri, 03 Jul 2015
Indonesia to draft new laws to address rapid rise of transport apps
Indonesia’s lawmakers are planning to start deliberations on a new law that would address the rapid growth of smartphone-based transportation applications. The new law would regulate the increasingly popular services, which otherwise fall into a grey area in the country’s existing transport...
Fri, 03 Jul 2015
Riady to ride wave of digital commerce
An executive director in the Lippo Group, Mr John Riady spearheads the family business' e-commerce drive. The group, whose chairman is Mr Riady's grandfather Mochtar Riady, has diverse interests in areas such as property, media, hospitals, education, cinemas and now e-commerce, among others.
Fri, 03 Jul 2015
Mandatory use of the rupiah in Indonesia
Bank Indonesia has issued Regulation 17/3/PBI/2015 concerning the mandatory use of the rupiah within the Indonesian territory, which applies to cash transactions as of March 31 2015 and non-cash transactions as of July 1 2015. The regulation implements the Currency Law (7/2011).
Thu, 02 Jul 2015
MyRepublic launches Indonesian fibre service
Fibre broadband start-up MyRepublic, based in Singapore and backed by Indonesian telco Sunshine Network and French telecoms billionaire Xavier Niel, has announced the launch of fibre internet services in Indonesia.
Thu, 02 Jul 2015
NGOs, Activists Fret New Role for Indonesia’s Spy Agency
A mysterious new partnership between Indonesia’s spy agency and Investment Coordinating Board (BKPM) to boost foreign investment has civil society wary of deepening agrarian conflict in the post-authoritarian country.
Thu, 02 Jul 2015
Homegrown Internet innovators rise in Southeast Asia
Last December, the 30-something CEO of a startup in Jakarta raised $100 million, a record for such a business in Indonesia. His name is William Tanuwijaya, and his e-commerce company is called Tokopedia. SoftBank is now Tokopedia's largest investor.
Wed, 01 Jul 2015
Govt Confident Tax Amnesty for Criminals Will Work
Jakarta. The government says its proposed amnesty for tax evaders will be a success because from 2017 increased exchange of tax-related data between nations will make it harder for criminals to keep money overseas.
Wed, 01 Jul 2015
Frustrated Indonesian leader launches charm offensive with investors
JAKARTA - Exasperated by the performance of his economics team, Indonesia's president has personally taken on the job of promoting Southeast Asia's largest economy to skeptical investors, said palace officials and economists.
Wed, 01 Jul 2015
Indonesia's PANDI Contributes to Responsive and Resilient Internet with First L-Root Instance
JAKARTA - The first L-Root instance in Indonesia has been successfully installed in Jakarta, increasing the Domain Name System's (DNS) overall fault tolerance and its resilience against certain types of cyber threats, such as Distributed Denial of Service (DDoS) attacks, a press release by ICANN...
Wed, 01 Jul 2015
BPJS Ketenagakerjaan Fully Transformed Into Government Body
Men work at a construction site without proper safety equipment. The government has made it mandatory for companies to register employees to join the universal social security scheme provided by The Social Security Administration Body for Employment, or BPJS Ketenagakerjaan.
Wed, 01 Jul 2015
Indonesia enforces foreign currency rules
Australians holidaying in Indonesia could find themselves short of money from today after the country’s central bank pushed through new legislation prohibiting foreign currencies from being used in domestic transactions.
Wed, 01 Jul 2015
Reduced 2015 property sales target imminent
JAKARTA -- Indonesian property developer Ciputra Development is planning to reduce its property sales target for the year as the national economic slowdown continues to erode demand. "We thought this year [would] be better, but investment has been weak," Ciputra director Harun Hajadi told reporters...